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Home My WebLink About4G, Motion to Accept 3rd Qtr Financial Reports It' ~HILLS Request for Council Action ~ Prepared By: . \ Y Sue Iverson, Finance DirectorlTreasurer~ j Council Meeting Date: October 13, 2008 A motion to the City of Arden Hills 3rd Quarter Financial Reports. Budgeted Amount: NA Actual Amount: NA Funding Source: NA Recommendation: Request that the Council accept the summaries of the 3rd quarter financial reports and investment portfolio prepared by staff for the City. Supporting Documents: 1. Memo (10/10/08) from Sue Iverson, Finance Director/Treasurer. .. ...mmLs MEMORANDUM DATE: October 10, 2008 TO: Honorable Mayor and City Council Ronald Moorse, City Administrator FROM: Sue Iverson, Finance Director ~ SUBJECT: 2008 3rd Quarter Actuals Background/Discussion: Attached are the 3rd Quarter Actuals for 2008. Overall expenditures are running below budget estimates. Please remember that we receive 50% of our revenue from property taxes a~d will not received the 2nd half until December. Governmental accounting is not done on an accrual basis, therefore the numbers reflect what was actually taken in as revenue or paid out as expenditures thru September 30, 2008. Accruals, deferred revenue adjustments, etc. are only done at year-end. Basically expenditures from operating activities are running below the budget estimates, revenues are running over estimates. (Please note that the overall percentages look lower because property taxes, liquor licenses, etc are collected at year-end.) An Investment Portfolio has also been included with these financial reports. Per the Investment Policy, our Benchmark Rate is the 4M plus Rate. At September 30, 2008 - this rate was 2.350% and our portfolio is averaging 3.752%. As of October 8, 2008 the 4M Plus was 1.910%. All of our investments are in government secured or government backed deposits. The section listed at the top of the portfolio are the "liquid" investments that we can access at anytime. We are trying to stay diversified in this area and will be transferring between these accounts. Our investment brokers are analyzing our investments of these funds and providing feedback on investment strategies. The majority of the funds are in the League of Minnesota Cities 4M Fund and 4M Plus accounts. Staff Recommendation: Staff requests that Council accept the 3rd Quarter Financial Reports. . .. . . .. <D <-) f'-- -.;t ....... l!) ~ <0 -.;t ("') ::::0 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ : . .:,.. 0> ....... 0) 0> 0 ....... N N -.;t ....... :~::~ m ~. ~ ~ ~~ ~ ....... ~_ ~~~:! ~ -.;t ~ N ~ ~ U) ~ :~\B ...... : ~ ~ ~ ~ ~ ~ ~ ~ g ~ ~ ~ :?~):liig~ID~~~ ~ ;~ :::::~:~; OIOOIOIOCOOooO~O~~ U~l ~_i~_~ ~ ~i~ ~ ~ ~ ~ ~ :~::~ ~ ~ ~ N ~ ~ ~ :I:~W ::f~:~ :.:.:.:-U :Jfz ~ ~. ~ ~ ~ ~ ~ ~ ~ g; ~ ~ ~ -:::c ....... ....... l!) 10 0 <0 <0 0 0 ~ 0 <0 '" ~:.::I ("') ('i) I{) -.;t ~ N 0 0) 0 N 0) ..W:. 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N '" 00 '" 0) "- "- N ~ ci ~ CO) co ~ .,.. ~ ~ '" -ti ~ C'I co "- M :! ~ C") o ~ CD 0) ~ .,..: N C'l .Q "- o ~ .,.. ~ - '" ~ o ~ ~~ No, to ~ i'-- l!) M...r ~ o 10 (") N 13 c Gt E S fIJ ..5 S cu 0:: "D Gt )( ii: J!! c G) S fIJ CD > ..5 Ci "0 t- (j) ~ ttl ~ >- Q) c E 0 :J~ mo o::~ oE Q) :J tUm 0::0:::: -go N~ ~~ Cu c: Q) <( .~ ~~ Q) C > C 0<( Q) m 0:::: (/) :J a:: ~ "it -c: <U E s:::. o c Q) m City of Arden Hills City-Wide Budget Summary Proposed Actual Balance YTD FY 2008 9/30/2008 Available % of Budget Ooeratina Revenue Mayor & Council $ $ Elections Administration 3,010,413 1,512,043 1,498,370 50.23% Finance & Support Services 23,743 23,743 0.00% Planning & Zoning 78,200 41,221 36,979 52.71% Government Buildings 95,163 95,163 0.00% Public Safety 83,200 24,049 59,151 28.90% Emergency Mangement - Protective Inspections 193,300 156,671 36,629 81,05% Street Maintenance 62,450 64,893 (2,443 ) 103,91% Park Maintenance 3,500 2,559 941 73.11 % Recreation 89,550 84,396 5,154 94.24% Transfers Total General Fund 3,639,519 1,885,832 1,753,687 51.82% TCMP 1,000,000 299,887 700,113 29.99% Cable Fund 77,000 43,823 33,177 56.91 % Risk Management 13,000 8,024 4,976 61,73% Park Fund 25,000 3,934 21,066 15.74% Community Services 66,500 25,370 41, 130 38.15% EDA General Fund 30,000 2,372 27,628 7.91% EDA TIF #3 Cottage Villas 50,500 27,037 23,463 53.54% EDA Revolving Fund 5,000 2,850 2,150 56.99% EDA TIF #2 Round Lake 428,000 239,042 188,958 55,85% Total Special Revenue Funds 1,695,000 652,339 1,042,661 38.49% GO Tax Increment Bonds of 1998A 6 (6) Total Debt Service Funds 6 (6) Equipment, Bldg & Replacement Public Safety Capital 20,000 12,083 7,917 60.41 % Capital Improvement Fund (PIR) 485,000 261,295 223,705 53,88% Total Capital Funds 505,000 273,378 231,622 54.13% Water 1,403,975 867,354 536,621 61.78% Sanitary Sewer 1,191,850 710,160 481,690 59.58% Recycling 116,461 67,002 49,459 57.53% Surface Water Management 414,500 319,796 94,7 04 77.15% Total Enterprise Funds 3,126,786 1,964,311 1,162,475 62.82% Total Operating Revenues 8,966,305 4,775,867 4,190,438 53.26% Other Financina Sources Mayor & Council Elections Administration Finance Planning & Zoning Government Buildings Public Safety Emergency Mangement Protective Inspections Street Maintenance Park Maintenance Recreation Transfers - Total General Fund - TCMP Cable Fund Risk Management - Park Fund Community Services EDA General Fund - EDA TIF #3 Cottage Villas EDA Revolving Fund EDA TIF #2 Round Lake Total Special Revenue Funds - GO Tax Increment Bonds of 1998A 280,150 251,475 28,675 89.76% Total Debt Service Funds 280,150 251,475 28,675 89.76% Equipment, Bldg & Replacement Public Safety Capital 65,000 65,000 0,00% Capital Improvement Fund (PIR) 200,000 200,000 0.00% Total Capital Funds 265,000 265,000 0.00% Water Sanitary Sewer Recycling Surface Water Management Total Enterprise Funds Total Other Financing Sources 545,150 251,475 293,675 46.13% Prior Period Adjustment Total Revenues $ 9,511,455 $ 5,027,342 $ 4,484,113 52.86% City of Arden Hills City-Wide Budget Summary Proposed Actual Balance YTD FY 2008 9/30/2008 Available % of Budget Ooeratina Exoenses Mayor & Council $ 61.485 $ 36,767 24,718 59.80% Elections 16,940 2.475 14.465 14.61 % Administration 412,993 241,186 171,807 58.40% Finance & Support Services 124,096 85,913 38,183 69.23% Planning & Zoning 254,307 138,278 116,029 54.37% Government Buildings 235,909 104,827 131,082 44.44 % Public Safety 1,154,638 899,905 254,733 77.94% Emergency Mangement 32,295 5,345 26,949 16.55% Protective Inspections 236,027 142,842 93,185 60.52% Street Maintenance 259,725 184,540 75,185 71.05% Park Maintenance 378,050 270,603 107.447 71.58% Recreation 201,275 156,314 44,961 77.66% Reserves/Contingency 11,355 - 11,355 0.00% Transfers 200,000 200,000 100.00% Total General Fund 3,579,095 2.468,996 1,110,098 68.98% TCMP 1,006,748 280,921 725,827 27.90% Cable Fund 77,957 44,625 33,332 57.24% Risk Management 27,000 27,000 0.00% Park Fund - Community Services 65,000 65,000 100.00% EDA General Fund 17,200 423 16,777 2.46% EDA TIF #3 Cottage Villas 44,200 22,682 21,518 51.32% EDA Revolving Fund EDA TIF #2 Round Lake 3.450 186 3,264 5.40% Total Special Revenue Funds 1,241,555 413,838 827,717 33.33% GO Tax Increment Bonds of 1998A - - Total Debt Service Funds Equipment, Bldg & Replacement Public Safety Capital Capital Improvement Fund (PIR) - Total Capital Funds Water 1,612,980 626,253 986,727 38.83% Sanitary Sewer 1,387,870 688,798 699,072 49.63% Recycling 116,111 77,802 38,309 67.01 % Surface Water Management 246,353 123,188 123,165 50.00% Total Enterprise Funds 3,363,314 1,516,041 1,847,273 45.08% Total Operating Expenses 8,183,964 4,398,876 3,785,088 53.75% Caoital Outlav Mayor & Council - Elections Administration 46,350 1,919 44.431 4.14% Finance & Support Services 4,000 - 4,000 0.00% Planning & Zoning , 500 1,037 (537) 207.37% Government Buildings 2,500 - 2,500 0.00% Public Safety 949 (949) Emergency Mangement 4,000 3,593 407 89.83% Protective Inspections 1,500 773 727 51.56% Street Maintenance 387 (387) Park Maintenance 1,750 387 1,363 22.10% Recreation 1,500 1,500 0.00% Transfers Total General Fund 62,100 9,046 53,054 14.57% TCMP Cable Fund 6,000 25,734 (19,734) 428.91 % Risk Management Park Fund 253,000 57,532 195,468 22.74% Community Services EDA General Fund 11 ,000 11,000 0.00% EDA TIF #3 Cottage Villas EDA Revolving Fund EDA TIF #2 Round Lake Total Special Revenue Funds 270,000 83,267 186,733 30.84% GO Tax Increment Bonds of 1998A Total Debt Service Funds Equipment, Bldg & Replacement Public Safety Capital 162,555 150,839 11,716 92.79% Capital Improvement Fund (PIR) 213,000 95,212 117,788 44.70% Total Capital Funds 375,555 246,050 129,505 65.52% Water 56,890 (11,875) 68,765 -20.87% Sanitary Sewer 1,750 34,808 (33,058) 1989.01% Recycling - Surface Water Man~gement 70,000 (15,058) 85,058 -21.51 % Total Enterprise Funds 128,640 7,875 120,765 6.12% Total Capital Outlay 836,295 346,238 490,057 41.40% Debt Service GO Tax Increment Bonds of 1998A 280,150 251,475 28,675 89.76% Total Debt Service 280,150 251,475 28,675 89.76% Other Financina Uses Mayor & Council Elections Administration Finance & Support Services Planning & Zoning Government Buildings Public Safety Emergency Mangement Protective Inspections Street Maintenance Park Maintenance Recreation Transfers Total General Fund TCMP Cable Fund Risk Management Park Fund Community Services EDA General Fund EDA TIF #3 Cottage Villas EDA Revolving Fund EDA TIF #2 Round Lake 280,150 280,100 50 99.98% Total Special Revenue Funds 280,150 280,100 50 99.98% GO Tax Increment Bonds of 1998A - Total Debt Service Funds Equipment, Bldg & Replacement Public Safety Capital Capital Improvement Fund (PIR) Total Capital Funds Water - Sanitary Sewer - Recycling - Surface Water Management - Total Enterprise Funds Total Other Financing Uses 280,150 280,100 50 99.98% Total Expenditures $ 9,580,559 $ 5,276,688 $ 4,303,870 55.08% City of Arden Hills General Fund Summary 2008 Budget Proposed Actual Balance YTD FY 2008 9/30/2008 Available % of Budget Revenues Taxes 101-41300.;.31010 Current Ad Valorem Taxes 2,563,635 1,269,875 1,293,760 49.53% 101-41300-31020 Delinquent Ad Valorem Taxes 7,000 11,492 (4,492) 164.17% 101-41300-31030 Mobile Home Tax 10,000 1,753 8,247 17.53% 101-41300-31040 Fiscal Disparities 233,713 122,007 111,706 52.20% 101-41300-31910 Penalties & Interest on Taxes - 506 (506) - 101-41300-31920 Forfeited Tax Sales - - - - Total Taxes 2,814,348 1,405,633 1,408,715 49.95% Licenses and Permits 101-41300-32110 Liquor, On Sale & Sunday 32,000 - 32,000 0.00% 101-41300-32111 Liquor, Off Sale 1,100 - 1,100 0.00% 101-41300-32160 Contractors 5,000 3,390 1,610 67.80% 101-41300-32180 Business Licenses 12,000 1,605 10,395 13.38% 101-41300-32181 Other Bus Lie/Permits - 415 (415) - 101-42400-32210 Plan Review & Bldg Permits 125,000 83,774 41,226 67.02% 101-42400-32220 Mechanical Permits 20,000 25,437 (5,437) 127.18% 101-42400-32230 Plum Ding Permits 10,000 7,684 2,316 76.84% 101-41300-32240 Animal Licenses - 755 (755) - 101-41910-32250 Sign Permits 1,200 700 500 58.33% 101-42400-32260 Electrial Permits 20,000 18,261 1,739 91.31 % 101-42400-32270 Utility Permit Fees 300 2,550 (2,250) 850.00% 101-42400-32275 Fire Suppression Permits 6,000 8,275 (2,275) 137.92% 101-42400-32278 Fire Permit Plan Check Fee 3,000 4,795 (1,795) 159.84% 101-41910-32279 Erosion/Grading Permit - 910 (910) - 101-41300-32280 Other NonBus Lie/Permits - 755 (755) - Total Licenses and Permits 235,600 159,307 76,293 67.62% Interaovernmental Revenues 101-41300-33402 Market Value Homestead Credit - - - - 101-41300-33420 State PERA Aid 5,179 2,590 2,590 50.00% 101-42100-33416 Police Aid 44,000 - 44,000 0.00% 101-43100-33418 MSA Maintenance 62,000 64,581 (2,581) 104.16% 101-41910-33422 State Grants 10,000 - 10,000 0.00% Other Intergovernmental 121,179 67,171 54,009 55.43% Charaes for Services 101-41910-34103 Zoning and Subdivision Fees - - - - 101-41910-34104 Plan Checking Fees 50,000 28,851 21,149 57.70% 101-41910-34106 Plat & Other Fees 17,000 10,660 6,340 62.71% 101-41300-34108 Admin Chgs from other funds 30,925 - 30,925 0.00% 101-41500-34108 Admin Chgs from other funds 23,743 - 23,743 0.00% 101-41940-34108 Adm in Chgs from other funds 95,163 - 95,163 0.00% 101-41300-34120 Water Tower Antenna Rentals 55,761 58,843 (3,082) 105.53% 101-41300-34121 Other General Govt Charges 3,000 3,245 (245) 108.17% 101-42100-34202 False Alarms 4,000 600 3,400 15.00% 101-42100-34206 Impound Fees 200 - 200 0.00% 101-42400-34207 State Building Code Surcharges 8,000 4,712 3,288 58.90% 101-42400-34208 City Building Code Surcharges 1,000 1,182 (182) 118.21% 101-45200-34300 Park Facility Rental Fees 3,500 2,559 941 73.11 % 101-45120-34730 Summer Playground Fees 12,500 14,658 (2,158) 117.26% 101-45120-34740 Summer Trip Fees 1,050 1,957 (907) 186.38% 101-45120-34781 Adult Programs 500 - 500 0.00% 101-45120-34782 Youth Programs 42,500 37,682 4,818 88.66% 101-45120-34785 Adult Softball 15,000 17,085 (2,085) 113.90% 101-45120-34790 After School Programs 16,000 11,826 4,174 73.91 % 101-45120-34791 Special Events Programs 2,000 1,188 812 59.38% 101-41910-34950 Other Chgs for Services - 100 (100) - Total Charges for Services 381,842 195,149 186,693 51.11 % Fines & Forfeits 101-42100-35110 Highway Patrol Fines 1,000 7,395 (6,395) 739.54% 101-42100-35130 DWI Forfeitures 1,000 542 458 54.16% 101-42100-35140 Violations Bureau 33,000 15,512 17,488 47.01% 101-42100-35150 Tobacco Fines - - - - - - Total Fines & Forfeits 35,000 23,449 11,551 67.00% Miscellaneous 101-41300-36210 I nterest I ncom e 40,000 32,067 7,933 80.17% 101-41300-36230 Contributions/Donations 3,600 1,913 1,687 53.15% 101-41910-36240 Developer Reimbursements - - - - 101-43100-36270 Miscellaneous Reimbursements 450 312 138 69.330/0 101-41300-36270 Miscellaneous Reimbursement 4,000 935 3,065 23.37% 101-43100-36275 Private Street Light Reimbursem - - - - 101-42400-36280 Fire Inspection Reimbursement - - - - Total Miscellaneous 48,050 35,227 12,823 73.31% Total Operating Revenues 3,636,019 1,885,935 1,750,084 51.87% Other Financina Sources 101-42100-39101 Sales of General Fixed Assets - - - - 101-45200-39203 Transfer - - - - Total Other Financing Sources - - - - Total General Fund Revenue $ 3,636,019 $ 1,885,935 $ 1,750,084 51.87% Ooeratina Exoenses Mayor & Council $ 61 ,485 $ 36,767 24,718 59.80% Elections 16,940 2,475 14,465 14.61% Administration 412,993 241,186 171,807 58.40% Finance & Support Services 124,096 85,913 38,183 69.23% Planning & Zoning 254,307 138,278 116,029 54.37% Government Buildings 235,909 104,827 131,082 44.44 % Public Safety 1,154,638 899,905 254,733 77.94% Emergency Management 32,295 5,345 26,949 16.55% Protective Inspections 236,027 142,842 93,185 60.52% Street Maintenance 259,725 184,540 75,185 71.05% Park Maintenance 378,050 270,603 107,447 71.58% Recreation 201,275 156,314 44,961 77.66% Reserves/Contingency 11,355 - 11,355 0.00% Transfers 200,000 200,000 - 100.00% Total Operating Expenses 3,579,095 2,468,996 1,110,098 68.98% Caoital Outlav Mayor & Council - - - - Elections - - - - Administration 46,350 1,919 44,431 4.14% Finance & Support Services 4,000 - 4,000 0.00% Planning & Zoning 500 1,037 (537) 207.37% Government Buildings 2,500 - 2,500 0.00% Public Safety - 949 (949) - Emergency Management 4,000 3,593 407 89.83% Protective Inspections 1,500 773 727 51.56% Street Maintenance - 387 (387) - Park Maintenance 1,750 387 1,363 22.10% Recreation 1,500 - 1,500 0.00% Transfers - - - - Total Capital Outlay 62,100 9,046 53,054 14.57% Total General Fund Expenses $ 3,641,195 $ 2,478,042 $ 1,163,152 68.06% Revenue Over/(Under) Expense~ (5,175) (592,107) 586,932 11440.60% City of Arden Hills Special Revenue Fund Summary Proposed Actual Balance YTD FY 2008 YTD 9/30/08 Available % of BudQet Ooeratina Exoenses TCMP $ 1,006,7 48 $ 280,921 725,827 27.90% Cable Fund 77,957 44,625 33,332 57.24% Risk Management 27,000 27,000 0.00% Park Fund - Community Services 65,000 65,000 - 100.00% EDA General Fund 17,200 423 16,777 2.46% EDA TIF Dist #3 Cottage Villas 44,200 22,682 21,518 51.32% EDA Revolving Fund - EDA TIF Dist #2 Round Lake 3,450 186 3,264 5.40% Total Operating Expenses 1,241,555 413,838 827,717 33.33% Caoital Outlav TCMP - - Cable Fund 6,000 25,734 (19,734) 428.91 % Risk Management - Park Fund 253,000 57,532 195,468 22.74% Community Services - EDA General Fund 11,000 11,000 0.00% EDA TIF Dist #3 Cottage Villas - - EDA Revolving Fund - EDA TIF Dist #2 Round Lake Total Capital Outlay 270,000 83,267 186,733 30.84% Other Finance Uses TCMP Cable Fund - Risk Management - - Park Fund - Community Services EDA General Fund EDA TIF Dist #3 Cottage Villas - EDA Revolving Fund - - EDA TIF Dist #2 Round Lake 280,150 280,100 50 99.98% Total Other Financing Uses 280,150 280,100 50 99.98% Total Special Revenue Funds $ 1,791,705 $ 777,205 $ 1,014,500 43.38% City of Arden Hills Special Revenue Fund Summary Proposed Actual Balance YTD FY 2008 YTD 9/30/08 Available % of BudQet Ooeratina Revenue TCMP $ 1,000,000 $ 299,887 700,113 29.99% Cable Fund 77,000 43,823 33,177 56.91% Risk Management 13,000 8,024 4,976 61.73% Park Fund 25,000 3,934 21,066 15.74% Community Services 66,500 25,370 41 ,130 38.15% EDA General Fund 30,000 2,372 27,628 7.91% EDA TIF Dist #3 Cottage Villas 50,500 27,037 23,463 53.54% EDA Revolving Fund 5,000 2,850 2,150 56.99% EDA TIF Dist #2 Round Lake 428,000 239,042 188,958 55.85% Total Operating Revenues 1,695,000 652,339 1,042,661 38.49% Other Financina Sources TCMP Cable Fund Risk Management - Park Fund - Community Services - EDA General Fund EDA TIF Dist #3 Cottage Villas EDA Revolving Fund EDA TIF Dist #2 Round Lake Total Other Financing Sources Total Special Revenue Funds $ 1,695,000 $ 652,339 $ 1,042,661 38.49% City of Arden Hills Debt Service Fund Summary Proposed Actual Balance YTD FY 2008 YTD 9/30/08 Available % of Budget Debt Service GO Tax Increment Bonds of 1998A $ 280,150 $ 251,475 28,675 89.76% Total Operating Expenses 280,150 251,475 28,675 89.76% Other Finance Uses GO Tax Increment Bonds of 1998A - - - Total Capital Outlay - - - Total Debt Service $ 280,150 $ 251,475 $ 28,675 89.76% City of Arden Hills Debt Service Fund Summary Proposed Actual Balance YTD FY 2008 YTD 9/30/08 Available % of Budget Ooeratina Revenue GO Tax Increment Bonds of 1998A $ - $ 6 (6) - Total Operating Revenues - 6 (6) - Other Financina Sources GO Tax Increment Bonds of 1998A 280,150 251,475 28,675 89.76% Total Other Financing Sources 280,150 251,475 28,675 89.76% Total Debt Service $ 280,150 $ 251,481 $ 28,669 89.77% City of Arden Hills Capital Fund Summary Proposed Actual Balance YTD FY 2008 YTD 9/30/08 Available % of Budget Capital Outlav Equipment, Bldg & Replacement - - - - Public Safety Capital 162,555 150,839 11,716 92.79% Capital Improvement Fund (PIR) 213,000 95,212 117,788 44.70% Total Capital Outlay 375,555 246,050 129,505 65.52% Other Finance Uses Equipment, Bldg & Replacement - - - - Public Safety Capital - - - - Capital Improvement Fund (PIR) - - - - Total Other Financing Uses - - - - Total Special Revenue Funds $ 375,555 $ 246,050 $ 129,505 65.52% City of Arden Hills Captial Fund Summary Proposed Actual Balance YTD FY 2008 YTD 9/30/08 Available % of Budget Operatina Revenue Equipment, Bldg & Replacement $ - $ - - - Public Safety Capital 20,000 12,083 7,917 60.41% Capital Improvement Fund (PIR) 485,000 261,295 223,705 53.88% Total Operating Revenues 505,000 273,378 231,622 54.13% Other Financina Sources Equipment, Bldg & Replacement - - - - Public Safety Capital 65,000 - 65,000 0.00% Capital Improvement Fund (PIR) 200,000 - 200,000 0.00% Total Other Financing Sources 265,000 - 265,000 0.00% - Total Special Revenue Funds $ 770,000 $ 273,378 $ 496,622 35.50% City of Arden Hills Enterprise Fund Summary Proposed Actual Balance YTO FY 2008 YT09/30/08 Available % of Budget Operatina Expenses Water $ 1,612,980 $ 626,253 986,727 38.83% Sanitary Sewer 1 ,387,870 688,798 699,072 49.63% Recycling 116,111 77,802 38,309 67.01% Surface Water Management 246,353 123,188 123,165 50.00% Total Operating Expenses 3,363,314 1,516,041 1,847,273 45.08% Capital Outlav Water 56,890 (11,875) 68,765 -20.87% Sanitary Sewer 1,750 34,808 (33,058) 1989.01 % Recycling - Surface Water Management 70,000 (15,058) 85,058 -21.51 % Total Capital Outlay 128,640 7,875 120,765 6.12% Other Finance Uses Water - Sanitary Sewer - Recycling - - - Surface Water Management - Total Other Financing Uses - Total Enterprise Funds $ 3,491,954 $ 1,523,915 $ 1,968,039 43.64% City of Arden Hills Enterprise Fund Summary Proposed Actual Balance YTO FY 2008 YTO 3/31/08 Available % of BudQet Operatina Revenue Water $ 1,403,975 $ 867,354 536,621 61.78% Sanitary Sewer 1 ,191 ,850 710,160 481,690 59.58% Recycling 116,461 67,002 49,459 57.53% Surface Water Management 414,500 319,796 94,704 77.15% Total Operating Revenues 3,126,786 1,964,311 1,162,475 62.82% Other Financina Sources Water - - - Sanitary Sewer - - Recycling - - Surface Water Management - Total Other Financing Sources - - Prior Period Adjustment (Recycling) Total Enterprise Funds $ 3,126,786 $ 1,964,311 $ 1,162,475 62.82%